By The Canadian Press CALGARY - Penn West Exploration Ltd. (TSX:PWT.TO) shares surged as high as seven per cent on Monday after the oil and gas company named two prominent oilpatch veterans as chairman and vice-chairman. The stock soared as high as $10.20 — an increase of 7.2 per cent from Friday — but retreated somewhat to trade for $10.11, or 6.3 per cent higher, by mid-day. On Sunday, Penn West said former Suncor Energy Inc. (TSX:SU.TO) CEO Rick George was appointed board chairman. George [Read more]
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Athabasca Oil Corporation announces the departure of its President and the creation of an Executive Operations and Development Committee
CALGARY, May 6, 2013 /CNW/ - Athabasca Oil Corporation (TSX: ATH) announces that Mr. Bryan Gould, president, has left the Company. "We appreciate the many contributions that Bryan made during his time with Athabasca and wish him all the best in his future endeavours." said Mr. Sveinung Svarte, chief executive officer. Effective immediately, Mr. Svarte will assume the responsibilities of president, in conjunction with his role as chief executive officer. The company has formed an executive [Read more]
Lone Pine Resources Announces Shale Gas Land Continuation at Pointed Mountain in the Liard Basin
CALGARY, ALBERTA--(Marketwired - May 6, 2013) - Lone Pine Resources Inc. ("Lone Pine" or the "Company") (LPR) (LPR.TO) today announced that the National Energy Board of Canada (the "National Energy Board") has granted the Company a Commercial Discovery Declaration ("CDD") for natural gas resources contained within the Upper and Lower Besa River shale intervals located in the Pointed Mountain area of the Liard Basin in the Northwest Territories. Lone Pine had previously submitted an application [Read more]
ANNOUNCEMENT: BOE Report now featured in the CamTrader!
We’re pleased to announce the BOE Report news feed is now featured in the CamTrader! The CamTrader is the most trusted oil and gas classifieds network in which the members assist one another to achieve their desired results: whether it’s finding the next greatest employee, job, vendor, equipment, needing a referral or personal item. Visit CamTrader.ca to get on the most exclusive oil and gas network in the western Canadian oilpatch. Josh Groberman, Publisher [Read more]
Whitecap Resources Inc. Announces 2013 First Quarter Results as a Dividend-Growth Company
CALGARY, May 6, 2013 /CNW/ - Whitecap Resources Inc. ("Whitecap", "we", "us", "our" or the "Company") (TSX:WCP.TO) is pleased to announce that we have filed on SEDAR our unaudited interim financial statements and related Management's Discussion and Analysis ("MD&A") for the three months ended March 31, 2013. Selected financial and operational information is outlined below and should be read in conjunction with Whitecap's unaudited interim financial statements and related MD&A which are [Read more]
Second Wave Petroleum Inc. Announces Debenture Financing and Going Private Transaction Proposal
CALGARY, May 6, 2013 /CNW/ - Second Wave Petroleum Inc. (TSX:SCS.TO) ("Second Wave" or the "Company") announces that it has entered into an agreement with Brookfield Bridge Lending Fund Inc. ("Brookfield"), the Company's controlling shareholder, to issue a $17.5 millionprincipal amount 7.5% secured convertible debenture (the "Debenture") to meet immediate capital requirements, and has also received a non-binding proposal from Brookfield to effect a going private transaction at a cash price [Read more]
Insignia Energy Ltd. Announces Receipt of Proposal for Going Private Transaction
CALGARY, ALBERTA--(Marketwired - May 6, 2013) - Insignia Energy Ltd. ("Insignia" or the "Company") (ISN.TO) today announced that the independent members of the board of directors of the Company have received a proposal (the "Proposal") from Brookfield Capital Partners Ltd. ("Brookfield") to privatize Insignia. Under the Proposal, all shareholders of Insignia, other than those participating in the Proposal, would receive $1.35 cash for each of their common shares of Insignia ("Common Shares"). [Read more]
Penn West Exploration announces the appointments of Mr. Rick George as Chairman of the Board and Mr. Allan Markin as Vice-Chairman of the Board
CALGARY , May 5, 2013 /CNW/ - PENN WEST PETROLEUM LTD. (TSX - PWT; NYSE - PWE) ("PENN WEST") is pleased to announce that effective immediately it has added two of the energy industry's most successful and distinguished leaders to its Board of Directors ("the Board") with the appointment of Mr. Rick George , as Chairman, and Mr. Allan Markin , as Vice-Chairman. Mr. George was instrumental in the building of one of Canada's most successful energy companies, Suncor Energy Inc. ("Suncor"). Mr. [Read more]
Trudeau praises Redford for Keystone efforts
By Dean Bennett, The Canadian Press EDMONTON - Federal Liberal Leader Justin Trudeau has praised Alberta Premier Alison Redford for her efforts to get the United States to approve the Keystone XL pipeline. But Trudeau said Prime Minister Stephen Harper's government hasn't done enough to push the project. "This (federal) government hasn't done a very good job of reassuring either Canadians or our trading partners that we are serious about managing environmental sustainability," Trudeau [Read more]
Sonde Resources Corp. Announces Retirement of President and Chief Executive Officer
CALGARY, ALBERTA--(Marketwired - May 3, 2013) - Sonde Resources Corp. ("Sonde" or the "Company") (SOQ.TO) (NYSE MKT:SOQ) announced today that Jack Schanck, President and Chief Executive Officer, has formally notified the Board of Directors of his intention to retire from Sonde for personal reasons. Mr. Schanck's retirement is effective on the earlier of June 30, 2013 and the appointment of a successor to the position of President and Chief Executive Officer. Mr. Schanck will also be retiring [Read more]